VeriSign to Acquire Jamba for Wireless Content Services

VeriSign announced plans to acquire Jamba! -- provider of wireless content services in Europe -- for approximately $273 million in cash and VeriSign stock.



Berlin-based Jamba! serves millions of wireless subscribers in nine European countries through distribution and billing relationships with carriers, including Vodafone, T-Mobile and KPN. In addition, Jamba! has worked with leading content publishers to build a downloadable library of over 50,000 individual products, including popular music, graphics, games and applications.



VeriSign described the acquisition as an extension of its Communications Services Intelligent Communication, Commerce, and Content (IC3) strategy, which "provides carriers with the intelligent infrastructure services they need to help their customers find, connect, secure, and transact over any network, anywhere. "http://www.verisign.com